CD rates for May 2, 2013

CDs

0.25% (1-year CD yields)

0.79% (5-year CD yields)

The yield on the benchmark five-year certificate of deposit was unchanged from last week at 0.79 percent, according to Bankrate's weekly survey. The one-year CD yield also stayed steady this week at 0.25 percent.

Jumbo CD yields inched down this week. The average one-year jumbo CD yield fell 1 basis point to 0.27 percent from 0.28 percent. One basis point equals one-hundredth of 1 percentage point. The five-year jumbo CD yield also slipped 1 basis point to 0.81 percent from 0.82 percent. A jumbo CD is available for a deposit of $100,000.

The average money market account yield fell 1 basis point to 0.11 percent from 0.12 percent, where it had been for 16 straight weeks.